'Commercial Real Estate Is Melting Down Fast': Elon Musk Warns Home Prices Will Be The Next To Crash — Yet One Property Type Could Prove Resilient

%27Commercial%20Real%20Estate%20Is%20Melting%20Down%20Fast%27%3A%20Elon%20Musk%20Warns%20Home%20Prices%20Will%20Be%20The%20Next%20To%20Crash%20%u2014%20Yet%20One%20Property%20Type%20Could%20Prove%20Resilient

Volatile Housing Market

https://markets.businessinsider.com/news/commodities/housing-market-supply-inventory-decline-affordability-high-mortgage-rates-2023-6 

Bay Area Housing Update

https://www.mercurynews.com/2023/06/03/owning-a-home-in-the-bay-area-now-costs-twice-as-much-renting/?campaign=sjmnrealestate&+utm_email+=34F5851305C1F535D4F99562F9&g2i_eui=DAqc%2bczBwtas%2b9ta%2bZY7LnhsL%2fUU5qAC&g2i_source=newsletter&lctg=34F5851305C1F535D4F99562F9&active=no&utm_source=listrak&utm_medium=email&utm_term=https%3a%2f%2fwww.mercurynews.com%2f2023%2f06%2f03%2fowning-a-home-in-the-bay-area-now-costs-twice-as-much-renting%2f&utm_campaign=bang-sjmn-nl-bay-area-real-estate-nl&utm_content=automated 

Shared from Bing: ‘House Prices Are Set to Plunge,’ According to Elon Musk, but Deutsche Bank Smells Opportunity in These Homebuilder Stocks

https://www.msn.com/en-US/finance/-top-stocks/house-prices-are-set-to-plunge-according-to-elon-musk-but-deutsche-bank-smells-opportunity-in-these-homebuilder-stocks/ar-AA1bZWKa?ocid=sapphireappshare 

Shared from Bing: Billionaire Perot Warns of Real Estate Recession as Loans Dry Up

https://www.msn.com/en-US/finance/markets/billionaire-perot-warns-of-real-estate-recession-as-loans-dry-up/ar-AA1bWQOH?ocid=sapphireappshare 

Lost home equity: San Francisco homes are selling for $220,000 less than a year ago

https://finance.yahoo.com/news/lost-home-equity-san-francisco-homes-are-selling-for-220000-less-than-a-year-ago-153041282.html

In San Francisco, the median sales price was $220,000 lower than at the same time last year — the largest decline by dollar amount  — wiping out 13.4% in equit... 

Tweet from Lance Lambert (@NewsLambert)

Lance Lambert (@NewsLambert) tweeted at 11:05 PM on Sun, May 21, 2023:
LEFT: Home price decline in major U.S. housing markets since their respective pandemic peak 

RIGHT: Home price decline in Texas ZIPs since their respective pandemic peak 

Blue = Currently sitting at an all-time high https://t.co/86bu5RMjcx
(https://twitter.com/NewsLambert/status/1660527312478117893?t=MYdKeu-wFIkPEiBqZ8uCYA&s=03)